Google acquires cloud security startup Wiz

Google LLC announced the signing of a definitive agreement to acquire Wiz, Inc., a leading cloud security platform headquartered in New York, for $32 billion, subject to post-closing adjustments. Upon closing, Wiz will join Google Cloud.

This acquisition represents Google Cloud's investment in two major and growing trends in the age of artificial intelligence: enhanced cloud security and multi-cloud capabilities.

Both cybersecurity and cloud computing are rapidly growing industries with a wide range of solutions. The increasing role of artificial intelligence and the adoption of cloud services have fundamentally changed the security landscape for customers, making cybersecurity increasingly critical for mitigating emerging risks and ensuring national security.

Wiz provides an easy-to-use security platform that connects to all major cloud environments and code development environments, helping to prevent cybersecurity incidents. Organizations of all sizes—from startups and large enterprises to governments and public sector entities—can use Wiz to protect everything they build and use in the cloud.

Google Cloud is a leader in cloud infrastructure, with deep expertise in artificial intelligence and industry-leading security innovations. Combining this with Wiz will further enhance their solutions and scalability, benefiting customers and partners across all major clouds. The combination of Google Cloud and Wiz will:

— improve the design, operation, and automation of security systems by providing a comprehensive security platform for customers of all types and sizes in the age of artificial intelligence
— scale up cybersecurity teams by providing them with an automated security platform
— reduce customers' costs for implementing and managing security controls
— protect against new threats arising from AI advancements, preventing breaches and helping organizations respond to breaches much more effectively
— accelerate the adoption of multi-cloud security, enabling customers to leverage multiple clouds, which will further drive innovation and cloud computing adoption.

Wiz products will continue to operate and will be available across all major cloud environments, including Amazon Web Services, Microsoft Azure, and Oracle Cloud, and will also be offered to customers through a range of partner security solutions. Google Cloud will also continue to offer customers a wide selection of various partner security solutions available on Google Cloud Marketplace.

Source: blog.google